PACIFIC ASIA TRAVEL ASSOCIATION C/O WOMBLE BOND DICKINSON

EIN: 941244384

SAN FRANCISCO, CA

Total Revenue
$2,402,237
Total Expenses
$2,171,359
Total Assets
$1,530,466
Net Assets
$330,140
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
HI
Principal Officer
PETER SEMONE
Phone
4152910330
Tax Period
2023-01-01 to 2023-12-31

PACIFIC ASIA TRAVEL ASSOCIATION C/O WOMBLE BOND DICKINSON, founded in 1952, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 10% surplus.

Mission

THE MISSION OF PACIFIC ASIA TRAVEL ASSOCIATION IS TO ENHANCE, ENCOURAGE AND ASSIST IN THE DEVELOPMENT OF THE TRAVEL AND TOURISM INDUSTRY THROUGHOUT THE PACIFIC ASIA AREA.

Program Service Accomplishments

Program 1
Expenses: $709,321 Revenue: $1,675,627

COMMUNICATIONS: THROUGH THIS PROGRAM, THE ASSOCIATION PROVIDES EFFECTIVE, CUTTINGEDGE COMMUNICATIONS VEHICLES AND PUBLICITY OPPORTUNITIES.DEVELOPMENT: THIS IS THE MAIN BUSINESS UNIT THROUGH WHICH THE...

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COMMUNICATIONS: THROUGH THIS PROGRAM, THE ASSOCIATION PROVIDES EFFECTIVE, CUTTINGEDGE COMMUNICATIONS VEHICLES AND PUBLICITY OPPORTUNITIES.DEVELOPMENT: THIS IS THE MAIN BUSINESS UNIT THROUGH WHICH THE ASSOCIATION PROVIDES STRATEGIC LINKS BETWEEN AND AMONG THE PATA MEMBERS AND ASIA PACIFIC TRAVEL AND TOURISM PROFESSIONALS. THESE ACTIVITIES ARE CARRIED OUT MAINLY THROUGH MEMBERSHIP DEPARTMENT IN BANGKOK, REGIONAL OFFICES IN EUROPE, PACIFIC AND CHINA, AND REPRESENTATIONS IN NORTH AMERICA, ASIA AND THE GULF REGIONS. REGIONAL OFFICES ALSO ORGANIZE SOME REGIONAL EVENTS SUCH AS ITB, WORLD TRAVEL MARKET AND PARTICIPATE IN OTHER LOCAL TRADE SHOWS.

Program 2
Expenses: $484,133 Revenue: $641,860

PATA TRAVEL MART, ADVENTURE TRAVEL AND RESPONSIBLE TOURISM CONFERENCE ARE TRAVEL TRADE SHOWS AND CONFERENCES THAT BRING TOGETHER PEOPLE INVOLVED IN ADVENTURE TRAVEL AND RESPONSIBLE TOURISM TO DISCUSS...

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PATA TRAVEL MART, ADVENTURE TRAVEL AND RESPONSIBLE TOURISM CONFERENCE ARE TRAVEL TRADE SHOWS AND CONFERENCES THAT BRING TOGETHER PEOPLE INVOLVED IN ADVENTURE TRAVEL AND RESPONSIBLE TOURISM TO DISCUSS AND CREATE NEW OPPORTUNITIES FOR PROMOTING ENVIRONMENTAL PROTECTIONS AND SOCIAL SUSTAINABILITY WITHIN THE INDUSTRY.

Program 3
Expenses: $212,818 Revenue: $45,137

RESEARCH AND INTELLIGENCE: PACIFIC ASIA TRAVEL ASSOCIATION HAS STRATEGIC INTELLIGENCE CENTER WHICH PRODUCES A SERIES OF RESEARCH PUBLICATIONS AND NEWSLETTERS ABOUT THE ASIA PACIFIC TRAVEL INDUSTRY...

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RESEARCH AND INTELLIGENCE: PACIFIC ASIA TRAVEL ASSOCIATION HAS STRATEGIC INTELLIGENCE CENTER WHICH PRODUCES A SERIES OF RESEARCH PUBLICATIONS AND NEWSLETTERS ABOUT THE ASIA PACIFIC TRAVEL INDUSTRY. THESE VARY AND MAY INCLUDE COMPREHENSIVE REPORTS AND UPDATES FOCUSING ON KEY MARKETS FROM AROUND THE WORLD, STATISTICAL REPORTS, FORECASTS, ISSUES AND TRENDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,362,624
Investment Income $31,842
Other Revenue $7,771
TOTAL REVENUE $2,402,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,190,312
Fundraising Expenses $0
Program Expenses $1,406,272
Other Expenses $981,047
TOTAL EXPENSES $2,171,359

Year-over-Year Comparison

2023 2022 Change
Revenue $2,402,237 $2,267,121 +0.1%
Expenses $2,171,359 $2,363,202 -0.1%
Net Income $230,878 $-96,081 -3.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
38
Independent Members
38
Employees
27
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$120,026
Total Directors
38
$120,026
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER SEMONE CHAIRMAN 0.50
Officer Director
$104,266 $15,760 $120,026
BENJAMIN LIAO VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
SUMAN PANDEY SECRETARY/TREAS 0.50
Officer Director
$0 $0 $0
NOOR AHMAD HAMID EX-OFFICIO 0.00
Director
$0 $0 $0
MARIA PAZ ALBERTO BOARD MEMBER 0.00
Director
$0 $0 $0
BERMANCE ALDIS BOARD MEMBER 0.00
Director
$0 $0 $0
NEETHIAHNANTHAN ARI RAGAVAN BOARD MEMBER 0.00
Director
$0 $0 $0
CHRIS BOTTRILL BOARD MEMBER 0.00
Director
$0 $0 $0
YUNG-HUI CHOU BOARD MEMBER 0.00
Director
$0 $0 $0
JENNIFER CHUN BOARD MEMBER 0.00
Director
$0 $0 $0
ERIC FONG BOARD MEMBER 0.00
Director
$0 $0 $0
SAMUEL HEATHCOTE BOARD MEMBER 0.00
Director
$0 $0 $0
ANTHONY HOGLAND BOARD MEMBER 0.00
Director
$0 $0 $0
TUNKU ISKANDAR BOARD MEMBER 0.00
Director
$0 $0 $0
THAPANEE KIATPHAIBOOL BOARD MEMBER 0.00
Director
$0 $0 $0
KHEM LAKAI BOARD MEMBER 0.00
Director
$0 $0 $0
WATANA LIMNARARAT BOARD MEMBER 0.00
Director
$0 $0 $0
SIMON LLOYD BOARD MEMBER 0.00
Director
$0 $0 $0
LUZI MATZIG BOARD MEMBER 0.00
Director
$0 $0 $0
BEN MONTGOMERY BOARD MEMBER 0.00
Director
$0 $0 $0
JOE NAAMAN BOARD MEMBER 0.00
Director
$0 $0 $0
DARREN NG BOARD MEMBER 0.00
Director
$0 $0 $0
HENRY OH BOARD MEMBER 0.00
Director
$0 $0 $0
NOREDAH OTHMAN BOARD MEMBER 0.00
Director
$0 $0 $0
JONGWONG PARK BOARD MEMBER 0.00
Director
$0 $0 $0
MAYUR PATEL BOARD MEMBER 0.00
Director
$0 $0 $0
STEPHEN PEARCE BOARD MEMBER 0.00
Director
$0 $0 $0
KE-WEI PEH BOARD MEMBER 0.00
Director
$0 $0 $0
GERALD PEREZ BOARD MEMBER 0.00
Director
$0 $0 $0
RAKI PHILLIPS BOARD MEMBER 0.00
Director
$0 $0 $0
SHARZEDE SALLEH ASKOR BOARD MEMBER 0.00
Director
$0 $0 $0
SANJEET BOARD MEMBER 0.00
Director
$0 $0 $0
BIBHUTI CHAND THAKUR BOARD MEMBER 0.00
Director
$0 $0 $0
V VIDYAVATHI BOARD MEMBER 0.00
Director
$0 $0 $0
FANNY VONG BOARD MEMBER 0.00
Director
$0 $0 $0
ERICA WONG BOARD MEMBER 0.00
Director
$0 $0 $0
MUSA YUSOF BOARD MEMBER 0.00
Director
$0 $0 $0
KORNCHALEE TANTIMONGKONGSAKUL BOARD MEMBER 0.00
Director
$0 $0 $0
PAIROJ KIATTHUNSAMAI CFO 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,402,237 $2,171,359 $1,530,466 $230,878
2022 $2,267,121 $2,363,202 $1,388,699 $-96,081
2021 $2,123,873 $2,347,332 $1,135,658 $-223,459
2020 $2,004,190 $2,352,519 $1,130,823 $-348,329
2019 $2,739,150 $2,809,634 $1,587,591 $-70,484
2018 $2,681,881 $2,676,921 $1,664,484 $4,960
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